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When you’re making a big decision, how do you pull together the information for your pros and cons? Make sure you watch out for
confirmation bias, which makes you overconfident in the validity of your personal views and likely to ignore evidence that your decisions will fail. To avoid it, however, try following the lead of investor
Warren Buffett and aggressively seek out information that disagrees with your beliefs. Check out
these useful tips for more help.

It’s easy to overestimate your ability to control events - even when there are factors you clearly have no influence over. It’s called the
illusion of control and although some argue that
it can occasionally be beneficial - for example, by encouraging people to take more responsibility or providing them with a confidence boost - it’s actually more likely to be
bad for business. Be realistic and concentrate your energy on the things you do have power over.

Do you put more emphasis on negative experiences than positive ones when making business decisions? This
“negativity bias” could mean that you perceive threats rather than opportunities, and this can potentially create a
culture of loss aversion where you never take risks for your business. Here’s some tips about how to
overcome your negativity bias.